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Family Style Restaurant & Banquet Hall

Location  Virginia,United States
Asking Price Range  $250K - $500K
Gross Revenues  $881000
Net Profit / Cash Flow  $130000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1964
Number of Employees  20 - 34
Inventory  80000
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Owned
Training  The owner has agreed to remain for a reasonable transition period to acclimate the new owner. Key employees will most likely stay on after the sale. All kitchen equipment has been recently ungraded and replaced and will be included with the sale of the bu
Reason for Sale  Retirement approaching.
Description  This listing details a family style dine-in restaurant which also serves as a banquet hall for local nearby schools, county events, sports groups and other special occasions. Many say the restaurant has the best entrees and appetizers in town! The restaurant seats up to 150 guests and is open 7 days a week. They cater to all tastes, with vegetarian options in the menu and a full salad bar. Fresh produce, meats and dairy is purchased daily from the markets conveniently located adjacent to the facilities. Quality is ensured, which is why customers return hungry for more! This restaurant had its humble beginnings in 1964. It has since grown into a profitable business, proud of its well earned reputation for excellent service and delicious meals. The price is right for any family to enjoy a full service family-style dining experience. The business is currently owner operated with a full team of servers trained in efficiency with a smile. The current owner, operating since 2000, is looking forward to retirement and is selling this established business. With a great location, an incredible staff, and a strong client base at an unbelievable price this could prove a worthwhile investment for a new business owner. For more details contact our offices today. This family style restaurant offers a full dining experience for up to 150 quests as well as a banquet hall. The .25 acre property includes a 9,252 sq ft building, originally constructed in 1964. The building also includes a 2,700 space used for a sporting goods store with an archery range. This is a great location for a restaurant as it is in a populated shopping strip which includes a surplus grocer, natural food store and more. The property and building is owned with the option to buy ($465k). Some simple additions to the company would increase the profit margins greatly. Some of these additions could include opening a sister restaurant, offering catering services and increasing the general marketing. Asking $350,
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